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OGRA proposes Rs 2.98 hike in petrol price

ISLAMABAD: The consumers may face another price hike in petroleum products as Oil and Gas Regularity Authority (OGRA) has recommended 4Â percent to 20 percent increase in POL pricesÂ for the month of February following the fluctuation in global oil prices.

As per details,Â The Oil and Gas Regulatory Authority (OGRA) hasÂ sent a summaryÂ to Ministry of Petroleum for approval, proposingÂ Â an increaseÂ in prices of petrol and diesel by Rs2.98 and Rs10.25 per litre respectively.

Similarly, The OGRA recommended Rs12.74 and Rs11.72 hike in the prices of kerosene oil and light diesel respectively.

The price of high speed diesel is likely to exceed Rs 100 per litre,Â while petrol price will go up to Rs84.51 per litre from the current Rs 81.53 if the government approves the recommendations of the regulatory authority.

The Oil and Gas Regulatory Authority (Ogra) recommended an increase of 3.7 per cent in the price of petrolÂ Â after the rates of crude oil surged in the international market.

ISLAMABAD: The consumers may face another price hike in petroleum products as Oil and Gas Regularity Authority (OGRA) has recommended 4 percent to 20 percent increase in POL prices for the month of February following the fluctuation in global oil prices.

As per details, The Oil and Gas Regulatory Authority (OGRA) has sent a summary to Ministry of Petroleum for approval, proposing an increase in prices of petrol and diesel by Rs2.98 and Rs10.25 per litre respectively.

Similarly, The OGRA recommended Rs12.74 and Rs11.72 hike in the prices of kerosene oil and light diesel respectively.

The price of high speed diesel is likely to exceed Rs 100 per litre, while petrol price will go up to Rs84.51 per litre from the current Rs 81.53 if the government approves the recommendations of the regulatory authority.

The Oil and Gas Regulatory Authority (Ogra) recommended an increase of 3.7 per cent in the price of petrol after the rates of crude oil surged in the international market.